Blueprint conducted a strategic and targeted marketing campaign on behalf of the seller, an Ohio-based owner-operator. seeking to divest of its two remaining seniors housing assets. Blueprint positioned the offering as nearly stabilized with further upside to be unlocked through census and operational efficiencies. Blueprint maximized the trade for the seller through its depth of relationships with qualified purchasers within the regional Ohio marketplace. The process resulted in several competitive offers, and ultimately Blueprint drew the greatest motivation from another Ohio-based owner-operator seeking to grow its footprint in the region.
The purchase price represents an 8.60% cap rate on trailing income.
Connor Doherty was the lead advisor on the transaction.